Tag: Philippines

Will ask US for military assistance if China attacks in South China Sea: Philippines
25Sep By Mike TrudellNo Comments
China, World

Will ask US for military assistance if China attacks in South China Sea: Philippines

In a statement, the Philippines have made it clear to China that it would turn to the United States for military help during ongoing flare-ups between Manila and Beijing in the South China Sea.Philippines Foreign Secretary Teodoro Locsin Jr said Manila would invoke its defence agreement with the US if China attacks its naval vessels in the disputed waters."If something happens that is beyond incursion but is, in fact, an attack on say a Filipino naval vessel.....means then I call up Washington DC," he added.Since 1951, the US and the Philippines have had a Mutual Defence Treaty that commits them to support each other in the event if either is attacked.The statement by the Philippines Foreign Secretary marks the first time President Rodrigo Duterte administration openly declaring its intent...
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China’s use of economic sanctions now fail to serve its geopolitical goals
20Jul By Michael SmithNo Comments
USA

China’s use of economic sanctions now fail to serve its geopolitical goals

China's practice of imposing economic sanctions on countries to achieve its own geopolitical goals is nothing new and the regular phenomenon of China bullying others has, in fact, helped other countries to keep several options at bay, said the author of "China's Crony Capitalism", Minxin Pei.Recently, the Chinese Ministry of Culture and Tourism issued an official warning against travel to Australia because of "a significant increase in racist acts and violence against Chinese and Asians in Australia". Two months ago, after Australia had demanded an investigation into the coronavirus outbreak, Beijing imposed an 80 per cent "anti-dumping" tariff on Australian barley, costing Australian 500 million Australian dollars a year.Minxin said Australia is only the latest victim of Chinese bullying....
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China’s ‘Lackey’ Duterte is smarting as Beijing tightens screws
20Jul By Brian ThompsonNo Comments
Market

China’s ‘Lackey’ Duterte is smarting as Beijing tightens screws

Philippines President Roberto Duterte has been ridiculed as a ‘Chinese lackey’ and worse time and again for doing a complete U-turn on his predecessor’s policies regarding Beijing and its expansionist strategies to overtake resource-filled Islands.Under former president Benigno Simeon Aquino III, Philippines had taken China to an international tribunal regarding disputes over Scarborough Shoal and the Spratly Islands.Both these islands are said to have untapped oil and natural gas resources and are of great strategic value to the Philippines and the United States. Fears of a Chinese naval and weapons build-up here and on artificial islands being created in the neighboring areas, are of great concern to the Philippines.And even then, Duterte who is otherwise known as the strongman for his o...
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16May By Team FPNo Comments
China, Singapore

Securities and Exchange Commission caution Philippines public over investment

The Securities and Exchange Commission (SEC) of the Philippines has asked the public again to exercise caution when presented with opportunities to invest in businesses or join organizations promising easy money amid the COVID-19 pandemic.In The SE has identified five more groups engaged in investment-solicitation activities without the necessary licenses: CryptoInvestWith.Us (CIW.U), Won Project/ Won Network/ Won Foundation, Captcha Philippines, Inc., Fil-Invest, and Xtreme House of Beauty Trading Corporation.CIW.U, Won Project, Captcha Philippines, Fil-Invest and Xtreme have neither registered securities such as investment contracts nor secured secondary licenses to solicit and take investments from the public, as required under Republic Act No. 8799, or The Securities Regulation Code.Fu...
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